Rock & Roll Hall Of Fame Foundation Inc
- Assets
- $23.0m
- Revenue
- $5.3m
- Investments
- $0.0
- Employees
- 3
- Location
- th Floor, NY
- Founding
- 05/1986
- Data as of
- 06/2021
- EIN
- 13-3171867
Organization Overview
Rock & Roll Hall Of Fame Foundation Inc is located in th Floor, NY. The organization was established in 1986. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Rock & Roll Hall Of Fame Foundation Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rock & Roll Hall Of Fame Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Rock & Roll Hall Of Fame Foundation Inc generated $5.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $3.2m during the year ending 06/2021. While expenses have increased by 11.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMOTION AND STIMULATION OF ROCK & ROLL MUSIC AS A CULTURAL APSECT OF MODERN LIFE AND SOCIETY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PRESERVE AND PROTECT HISTORICAL DOCUMENTS, RECORDS AND ARTIFACTS RELATED TO THE ROLL & ROLL MUSIC INDUSTRY AS WELL AS SUCCESSFULLY ESTABLISH A HALL OF FAME WHICH HAS DIRECTLY PROMOTED ROCK & ROLL AND ITS CULTURAL ASPECCT BY ANNAUL INDUCTIONS AND INDUSTRY ACHIEVEMENT RECOGNITIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joel Peresman President & CEO | OfficerTrustee | 40 | $456,000 |
John Sykes Chairman | OfficerTrustee | 1 | $0 |
Allen Grubman Secr./treas. | OfficerTrustee | 1 | $0 |
Jon Landau Executive VP | OfficerTrustee | 1 | $0 |
Michele Anthony Director | Trustee | 1 | $0 |
Lyor Cohen Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $317,470 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $317,470 |
| Total Program Service Revenue | $3,620,000 |
| Investment income | $718,932 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $648,917 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$13,729 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,295,590 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $476,463 |
| Compensation of current officers, directors, key employees. | $47,646 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $31,899 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,317 |
| Payroll taxes | $38,890 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $38,290 |
| Fees for services: Accounting | $59,272 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $52,086 |
| Fees for services: Other | $2,990 |
| Advertising and promotion | $0 |
| Office expenses | $10,305 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $56,581 |
| Travel | $915 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,503 |
| All other expenses | $0 |
| Total functional expenses | $3,214,941 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,704,747 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $572,067 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $16,759,442 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $23,036,256 |
| Accounts payable and accrued expenses | $18,000 |
| Grants payable | $0 |
| Deferred revenue | $3,000,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,018,000 |
| Net assets without donor restrictions | $19,446,189 |
| Net assets with donor restrictions | $572,067 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $23,036,256 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rock & Roll Hall Of Fame Foundation Inc has recieved totaling $30,000.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: ARTS, CULTURE & HUMANITIES | $20,000 |
Fidelity Investments Charitable Gift Fund Boston, MA PURPOSE: For grant recipient's exempt purposes | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mystic Seaport Museum Inc Mystic, CT | $122,267,932 | $26,794,983 |
The Paley Center For Media New York, NY | $149,800,581 | $16,736,827 |
Stone Barns Restoration Corp Pocantico Hills, NY | $107,933,883 | $7,964,721 |
Margaret Woodbury Strong Museum Rochester, NY | $223,670,725 | $24,556,351 |
Newark Museum Association Newark, NJ | $64,370,892 | $11,736,749 |
Brandywine Conservancy & Museum Of Art Chadds Ford, PA | $159,611,083 | $25,949,606 |
The Studio Museum In Harlem New York, NY | $153,708,532 | $40,471,884 |
The Maritime Aquarium At Norwalk Inc South Norwalk, CT | $19,089,489 | $11,308,442 |
George Eastman Museum Rochester, NY | $59,825,841 | $12,306,953 |
Naismith Memorial Basketball Hall Of Fame Inc 1150 West Columbus Ave Springfield, MA | $33,159,743 | $5,379,532 |
Weitzman National Museum Of American Jewish History Philadelphia, PA | $28,897,470 | -$14,023,866 |
National Museum Of Mathematics New York, NY | $42,218,242 | $9,885,068 |